DGT vs. NZAC
DGT (State Street SPDR Global Dow ETF) and NZAC (SPDR MSCI ACWI Climate Paris Aligned ETF) are both Global Equities funds from State Street - DGT tracks the The Global Dow while NZAC tracks the MSCI ACWI Climate Paris Aligned Index. Both are passively managed. Over the past 10 years, DGT returned 14.42%/yr vs 12.17%/yr for NZAC. Their correlation of 0.80 suggests significant overlap in exposure. DGT charges 0.50%/yr vs 0.12%/yr for NZAC.
Performance
DGT vs. NZAC - Performance Comparison
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Returns By Period
In the year-to-date period, DGT achieves a 10.92% return, which is significantly higher than NZAC's 6.02% return. Over the past 10 years, DGT has outperformed NZAC with an annualized return of 14.42%, while NZAC has yielded a comparatively lower 12.17% annualized return.
DGT
- 1D
- -1.17%
- 1M
- -1.23%
- YTD
- 10.92%
- 6M
- 10.57%
- 1Y
- 28.50%
- 3Y*
- 21.71%
- 5Y*
- 13.70%
- 10Y*
- 14.42%
NZAC
- 1D
- -1.70%
- 1M
- -1.26%
- YTD
- 6.02%
- 6M
- 5.37%
- 1Y
- 20.66%
- 3Y*
- 17.81%
- 5Y*
- 9.25%
- 10Y*
- 12.17%
DGT vs. NZAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGT State Street SPDR Global Dow ETF | 10.92% | 30.04% | 14.15% | 20.95% | -8.00% | 21.50% | 9.67% | 22.19% | -9.65% | 24.87% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 6.02% | 20.55% | 16.67% | 23.22% | -19.77% | 18.35% | 17.21% | 28.24% | -9.80% | 22.93% |
Correlation
The correlation between DGT and NZAC is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2014 | 0.80 |
The correlation between DGT and NZAC has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.
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Return for Risk
DGT vs. NZAC — Risk / Return Rank
DGT
NZAC
DGT vs. NZAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Global Dow ETF (DGT) and SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DGT | NZAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.27 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 2.05 | +1.36 |
| Martin ratioReturn relative to average drawdown | 13.69 | 8.63 | +5.07 |
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Drawdowns
DGT vs. NZAC - Drawdown Comparison
The maximum DGT drawdown since its inception was -55.36%, which is greater than NZAC's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for DGT and NZAC.
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Drawdown Indicators
| DGT | NZAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.36% | -33.72% | -21.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -10.10% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -16.19% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.18% | -28.31% | +3.13% |
Max Drawdown (10Y)Largest decline over 10 years | -34.40% | -33.72% | -0.68% |
Current DrawdownCurrent decline from peak | -2.39% | -3.38% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -13.80% | -5.31% | -8.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.40% | -0.31% |
Volatility
DGT vs. NZAC - Volatility Comparison
The current volatility for State Street SPDR Global Dow ETF (DGT) is 4.33%, while SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) has a volatility of 5.41%. This indicates that DGT experiences smaller price fluctuations and is considered to be less risky than NZAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGT | NZAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 5.41% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 11.34% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.51% | 13.73% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 16.94% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 17.13% | -0.29% |
DGT vs. NZAC - Expense Ratio Comparison
DGT has a 0.50% expense ratio, which is higher than NZAC's 0.12% expense ratio.
Dividends
DGT vs. NZAC - Dividend Comparison
DGT's dividend yield for the trailing twelve months is around 2.53%, more than NZAC's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGT State Street SPDR Global Dow ETF | 2.53% | 2.78% | 2.83% | 2.53% | 3.15% | 2.66% | 1.97% | 2.76% | 2.50% | 1.93% | 2.31% | 2.37% |
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF | 2.09% | 1.90% | 1.88% | 1.65% | 1.81% | 1.62% | 1.59% | 2.17% | 2.53% | 2.20% | 2.00% | 2.40% |
Frequently Asked Questions
DGT and NZAC have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NZAC has higher volatility (5.41%) compared to DGT (4.33%). In terms of maximum drawdown, DGT dropped -55.36% vs NZAC's -33.72%.
On 10-year performance, DGT leads with 14.42% vs 12.17% for NZAC. On fees, NZAC is cheaper at 0.12% per year. On volatility, DGT has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGT has performed better with a 14.42% return vs 12.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NZAC is cheaper with a 0.12% expense ratio, compared with 0.50% for DGT.
DGT has the higher dividend yield at 2.53%, compared with 2.09% for NZAC.
DGT tracks The Global Dow, while NZAC tracks MSCI ACWI Climate Paris Aligned Index. Their fees differ too: 0.50% for DGT and 0.12% for NZAC.
DGT currently has the higher Sharpe Ratio (2.29 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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